Knight Young Co Limited - Accounts to registrar (filleted) - small 18.2

Knight Young Co Limited - Accounts to registrar (filleted) - small 18.2

KNIGHT YOUNG CO LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v20.3.4.1 03417739 Board of Directors 1.4.19 31.3.20 31.3.20 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure034177392019-03-31034177392020-03-31034177392019-04-012020-03-31034177392018-03-31034177392018-04-012019-03-31034177392019-03-3103417739ns16:EnglandWales2019-04-012020-03-3103417739ns15:PoundSterling2019-04-012020-03-3103417739ns11:Director12019-04-012020-03-3103417739ns11:PrivateLimitedCompanyLtd2019-04-012020-03-3103417739ns11:SmallEntities2019-04-012020-03-3103417739ns11:AuditExempt-NoAccountantsReport2019-04-012020-03-3103417739ns11:SmallCompaniesRegimeForDirectorsReport2019-04-012020-03-3103417739ns11:SmallCompaniesRegimeForAccounts2019-04-012020-03-3103417739ns11:AbridgedAccounts2019-04-012020-03-3103417739ns11:Director22019-04-012020-03-3103417739ns11:Director32019-04-012020-03-3103417739ns11:CompanySecretary12019-04-012020-03-3103417739ns11:RegisteredOffice2019-04-012020-03-3103417739ns6:CurrentFinancialInstruments2020-03-3103417739ns6:CurrentFinancialInstruments2019-03-3103417739ns6:Non-currentFinancialInstruments2020-03-3103417739ns6:Non-currentFinancialInstruments2019-03-3103417739ns6:ShareCapital2020-03-3103417739ns6:ShareCapital2019-03-3103417739ns6:RetainedEarningsAccumulatedLosses2020-03-3103417739ns6:RetainedEarningsAccumulatedLosses2019-03-3103417739ns6:PlantMachinery2019-04-012020-03-31
REGISTERED NUMBER: 03417739 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

KNIGHT YOUNG CO LIMITED
Param & Company Ltd
1st Floor
44 - 50 The Broadway
Southall
Middlesex
UB1 1QB








KNIGHT YOUNG CO LIMITED (REGISTERED NUMBER: 03417739)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


KNIGHT YOUNG CO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2020







DIRECTORS: Mrs M Mandavia
Mr D K Mandavia
Mr A K Mandavia





SECRETARY: Mrs M Mandavia





REGISTERED OFFICE: 109 Kingsley Road
Hounslow
Middlesex
TW3 4AJ





REGISTERED NUMBER: 03417739 (England and Wales)





ACCOUNTANTS: Param & Company Ltd
1st Floor
44 - 50 The Broadway
Southall
Middlesex
UB1 1QB
Page 1
KNIGHT YOUNG CO LIMITED (REGISTERED NUMBER: 03417739)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 MARCH 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,644 -
Investment property 5 360,000 360,000
363,644 360,000

CURRENT ASSETS
Debtors 57,000 39,337
Cash at bank 24,804 79,954
81,804 119,291
CREDITORS
Amounts falling due within one year 46,647 49,046
NET CURRENT ASSETS 35,157 70,245
TOTAL ASSETS LESS CURRENT
LIABILITIES
398,801
430,245

CREDITORS
Amounts falling due after more than one
year
22,090
35,827
NET ASSETS 376,711 394,418

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 376,708 394,415
376,711 394,418

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The notes form part of these financial statements

Page 2 continued...
KNIGHT YOUNG CO LIMITED (REGISTERED NUMBER: 03417739)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2020



The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2020 and were signed on its behalf by:





Mr D K Mandavia - Director


The notes form part of these financial statements

Page 3
KNIGHT YOUNG CO LIMITED (REGISTERED NUMBER: 03417739)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020

1. STATUTORY INFORMATION

Knight Young Co Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 4,050
At 31 March 2020 4,050
DEPRECIATION
Charge for year 406
At 31 March 2020 406
NET BOOK VALUE
At 31 March 2020 3,644

Page 4 continued...
KNIGHT YOUNG CO LIMITED (REGISTERED NUMBER: 03417739)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2020

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2019
and 31 March 2020 360,000
NET BOOK VALUE
At 31 March 2020 360,000
At 31 March 2019 360,000

Fair value at 31 March 2020 is represented by:

£   
Valuation in 2017 99,539
Cost 260,461
360,000

6. RELATED PARTY DISCLOSURES

During the year, total dividends of £33,000 (2019 - £18,500) were paid to the directors .

Page 5